Our goal and passion is to help you be successful. This is especially true with a “start-up” business as the owner or owners have much to deal with in the process of getting their business up and running with a minimal number of business knowledge barriers. As a part of this process, we are here for those individuals to provide them advisory and coaching services. Why? Because in most cases those new business owners “don’t know what they don’t know” or just don’t know what questions to ask. This is not uncommon. Now they have to deal with accounting and tax issues that they have not had to deal with before. Bottom line….we want to share valuable information and best practices while keeping this process simple and effective.
So why is this so important to us to play a strong role in the start-up process? Because all too often those new owners end up incurring expenses they could have avoided or they end up paying more taxes than they should have because they weren’t structured properly from a tax standpoint. Because of our competitive nature, we absolutely do not want to see that happen. Although many would look at us as “number crunchers” or the proverbial “left brain for hire” type, we have much to share with you as a business advisor and coach to enhance your ability to be more successful in your new business venture.
We provide added value to our clients by offering QuickBooks expertise. Our QuickBooks ProAdvisor certifications ensure that we can effectively guide you on system setup, navigation and features…as well as ensure that you maximize the power of the system to keep your books in order.
Hire your children this summer: Everyone wins
If you’re a business owner and you hire your children (or grandchildren) this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job experience, save for college and learn how to manage money. And you may be able to:
Consider a Roth 401(k) plan — and make sure employees use it
Roth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by the Plan Sponsor Council of America (PSCA) found that Roth 401(k)s are now available at 70% of employer plans, up from 55.6% of plans in 2016.
What type of expenses can’t be written off by your business?
If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed. It doesn’t explicitly state that you can deduct office supplies and certain other expenses.
Some expenses are...